South Dakota Mortgage Calculator
Calculate your monthly payment in South Dakota, with property tax included using the state's effective rate of 1.06%. See your full amortization schedule and analyze your loan structure.
Pick a state to use its property tax rate. With a keyboard, use the arrow keys and press Enter.
Estimated Monthly Payment
Estimates only. Does not include homeowners insurance, mortgage insurance (PMI), or HOA fees. Property tax uses the state's average effective rate and your actual bill may differ.
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|---|---|---|
| 1 | $3,577 | $20,695 | $316,423 |
| 2 | $3,816 | $20,455 | $312,607 |
| 3 | $4,072 | $20,200 | $308,535 |
| 4 | $4,345 | $19,927 | $304,191 |
| 5 | $4,636 | $19,636 | $299,555 |
| 6 | $4,946 | $19,325 | $294,609 |
| 7 | $5,277 | $18,994 | $289,332 |
| 8 | $5,631 | $18,641 | $283,701 |
| 9 | $6,008 | $18,264 | $277,694 |
| 10 | $6,410 | $17,861 | $271,284 |
| 11 | $6,839 | $17,432 | $264,444 |
| 12 | $7,297 | $16,974 | $257,147 |
| 13 | $7,786 | $16,485 | $249,361 |
| 14 | $8,308 | $15,964 | $241,053 |
| 15 | $8,864 | $15,407 | $232,189 |
| 16 | $9,458 | $14,814 | $222,732 |
| 17 | $10,091 | $14,180 | $212,641 |
| 18 | $10,767 | $13,505 | $201,874 |
| 19 | $11,488 | $12,784 | $190,386 |
| 20 | $12,257 | $12,014 | $178,129 |
| 21 | $13,078 | $11,193 | $165,051 |
| 22 | $13,954 | $10,317 | $151,097 |
| 23 | $14,888 | $9,383 | $136,208 |
| 24 | $15,886 | $8,386 | $120,323 |
| 25 | $16,949 | $7,322 | $103,373 |
| 26 | $18,085 | $6,187 | $85,289 |
| 27 | $19,296 | $4,976 | $65,993 |
| 28 | $20,588 | $3,683 | $45,405 |
| 29 | $21,967 | $2,305 | $23,438 |
| 30 | $23,438 | $833 | $0 |
Property tax in South Dakota: the numbers
Property tax in South Dakota runs somewhat higher than the national picture. The effective rate of 1.06% compares with 0.92% nationally, a difference of 15%, and the state ranks 18th out of 50 when states are ordered from highest rate to lowest.
Looking at the median home in South Dakota ($257,400), the median annual property tax is $2,724. Divided by twelve, that is about $227 each month.
| Effective property tax rate | 1.06% |
|---|---|
| Median home value | $257,400 |
| Median annual property tax | $2,724 |
| Rank by rate (1 = highest of 50) | 18 |
| Difference vs 0.92% national average | 0.14 points above (15% above) |
What this means for your monthly payment
Two worked examples for South Dakota, using the figures above:
Example 1: the median home
$2,724 per year ÷ 12 = about $227 per month in property tax (median home value: $257,400).
Example 2: a $300,000 home
$300,000 × 1.06% ÷ 12 = about $265 per month, or $3,180 per year.
At the 0.92% national average rate, a $300,000 home would have about $2,760 in property tax per year. In South Dakota it is about $3,180, which is $420 more per year (about $35 more per month).
Compare with similar states
States ranked just above and just below South Dakota by effective property tax rate (1 = highest). States with the same rate are ordered by median annual tax.
Ranked just above (higher rate)
- Kansas — 1.29% (rank 13)
- Michigan — 1.25% (rank 14)
- Rhode Island — 1.21% (rank 15)
- Alaska — 1.11% (rank 16)
- Massachusetts — 1.07% (rank 17)
Ranked just below (lower rate)
- Minnesota — 1.02% (rank 19)
- Maine — 1.02% (rank 19)
- North Dakota — 0.99% (rank 21)
- Maryland — 0.97% (rank 22)
- Missouri — 0.85% (rank 23)
South Dakota property tax FAQ
What is the property tax rate in South Dakota?
The effective property tax rate in South Dakota is 1.06%. That is 15% above the 0.92% national average, and the state ranks 18th out of 50 when states are ordered from highest rate to lowest.
How much is property tax on a $300,000 home in South Dakota?
At South Dakota's effective rate of 1.06%, property tax on a $300,000 home works out to about $3,180 per year, or about $265 per month. At the 0.92% national average, the same home would be about $2,760 per year, so South Dakota is about $420 more per year.
How much is property tax on the median home in South Dakota?
The median home value in South Dakota is $257,400, and the median annual property tax is $2,724, which is about $227 per month.
Does the property tax rate vary inside South Dakota?
Yes. Property taxes are set locally, so actual bills depend on your county, city, and exemptions. The 1.06% figure is a state-level estimate based on medians, not a rate that applies to every home.
Figures are estimates based on Census data and are not tax or financial advice. Actual bills depend on your local rates, assessed value and exemptions.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, as compiled by PropertyShark and PropertyTaxByState.